Michigan Powerball Winner Comes Forward

The Michigan Powerball winner who has a stake at a $337 million prize has contacted the lottery office, but officials say they won't release the identity of that person until the money is actually claimed.

The winning ticket--the only one--was purchased at a Sunoco gas station in Lapeer, Michigan and is worth either a one-time payment of $224.66 million or 29 annual payments adding up to $337 million (before taxes, of course). Most people choose the one-time payment.

The prize is the third-largest in Powerball's history, and has subsequently gone down to around $40 million. Eight million-dollar tickets were winners this time around in the Match 5 prize, and several others were winners of varying amounts. In total, Powerball paid out about $27 million from those.